by pallanus | Jun 25, 2020 | Business News
The US economy shrank at a 5.0 per cent rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic. (Representational Image) The US economy shrank at a 5.0 per cent rate in the first...
by pallanus | Jun 25, 2020 | Business News
The IMF on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a “historic low,” citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce...
by pallanus | Jun 25, 2020 | Business News
The International Monetary Fund (IMF) on Wednesday laid out the unprecedented economic devastation caused by the novel coronavirus pandemic, as the World Health Organisation (WHO) said it expects the number of global infections to soon hit 10 million and cases surge...
by pallanus | Jun 24, 2020 | Business News
Ratings agency India Ratings and Research (Ind-RA) expects gross domestic product (GDP) to contract 5.3 per cent in the fiscal year 2020-21. Ind-RA said this will be the lowest GDP growth recorded in Indian history since such data was collected 1950-51 and sixth...
by pallanus | Jun 4, 2020 | Business News
At a time when several questions have being raised about India’s prolonged lockdown, Bajaj Auto MD Rajiv Bajaj said India has flattened the wrong curve, not coronavirus but GDP. Bajaj, who had been expressing dissent against the prolonged strict lockdown in India,...
